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German parliament backs enhanced EU bailout fund

10-26-2011 22:02 BJT

BERLIN, Oct. 26 (Xinhua) -- German lower house of parliament decided to boost the firepower of the eurozone rescue package, or the European Financial Stability Facility (EFSF), in a vote on Wednesday.

The winning in the parliamentary vote gave Chancellor Angela Merkel a strong backing and mandate to negotiate in a crucial European Union summit in Brussels later this day.

All eyes are now on whether the EU leaders can finally hammer out a comprehensive and convincing reaction plan to the escalating debt crisis during the summit, the second one in just four days.

 

Editor:Zheng Limin |Source: Xinhua

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